Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 42,818 ↓ 0.3% since 2020 |
| Median Household Income | $43,626 42% below national median |
| Median Home Value | $120,800 |
| Unemployment Rate | 9.5% |
| Median Age | 40.3 years |
| Housing Vacancy Rate | 15.0% |
| Total Land Sales (Past 12 Months) | 80 transactions |
| Active Listings | 16 properties |
| Avg Days on Market | 514 days |
Rural Land Sales (1+ Acres) (Nov 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $6,594 |
| Recent Sales | 66 transactions |
| Avg Days on Market | 511 days |
| Avg Parcel Size | 33.00 acres |
| Active Listings | 13 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026New | 9.12 | $60,000 | $6,579 | Warsaw |
| Mar 2026New | 21.73 | $112,000 | $5,154 | Warsaw |
| Feb 2026 | 1.71 | $175,000 | $102,339 | Farnham |
| Feb 2026 | 44.10 | $100,000 | $2,268 | Warsaw |
| Jan 2026 | 1.18 | $175,000 | $148,305 | Farnham |
| Jan 2026 | 35.32 | $105,000 | $2,973 | Farnham |
| Jan 2026 | 15.10 | $110,000 | $7,285 | Farnham |
| Dec 2025 | 59.37 | $120,000 | $2,021 | Warsaw |
| Dec 2025 | 6.69 | $60,000 | $8,969 | Farnham |
| Nov 2025 | 5.50 | $119,500 | $21,727 | Warsaw |
Suburban/Urban Land Sales (Under 1 Acre) (Jan 2026 – Jan 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $14,750 |
| Recent Sales | 14 transactions |
| Avg Days on Market | 527 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 3 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Jan 2026 | 0.59 | $3,500 | Farnham |
| Jan 2026 | 0.64 | $3,000 | Farnham |
| Jan 2026 | 0.61 | $3,500 | Farnham |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 9,047 |
| Population (2020) | 8,923 |
| Population Growth | 1.39% |
| Median Household Income | $64,184 |
| Median Home Value | $214,200 |
| Total Housing Units | 3,959 |
| Vacant Housing Units | 1,028 |
| Housing Vacancy Rate | 26.0% |
| Median Age | 46.1 |
| Bachelor's Degree or Higher | 813 (9.0%) |
| Unemployment Rate | 9.5% |
Market Overview
Richmond County, Virginia has a population of 9,047, which has grown 1.39% since 2020. The median household income is $64,184, below the national median of $74,580 by 13.9%. The housing vacancy rate of 26.0% suggests soft market conditions. Richmond County remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $6,594 per acre, with properties averaging 33.00 acres. There are currently 16 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Richmond County, Virginia?
As of the 2023 American Community Survey, Richmond County has a population of 9,047. The county has grown 1.39% since the 2020 Census, indicating a growing community.
What is the median household income in Richmond County?
The median household income in Richmond County is $64,184, which is 13.9% below the national median of $74,580.
Is Richmond County growing or shrinking?
Richmond County is growing. The population has increased 1.39% since 2020.
What is the housing market like in Richmond County?
The median home value in Richmond County is $214,200. The housing vacancy rate is 26.0%, which suggests soft market conditions. The unemployment rate is 9.5%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $6,594 per acre. Suburban/urban lots under 1 acre have a median lot price of $14,750.
Does Reelvest buy land in Richmond County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Richmond County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.